US September OX contract rises by 2 cents/lb

10 September 2012 21:31  [Source: ICIS news]

MIAMI, Florida (ICIS)--The US orthoxylene (OX) September contract has been settled at a 2 cent/lb ($44/tonne, 34/tonne) increase from August, market participants said on Monday.

The OX September contract reached a settlement price of 67 cents/lb, following an increase in the upstream US mixed xylene (MX) September contract, sources said.

According to US MX market participants, the US MX September contract was settled at $4.10/gal, up by 40 cents/lb from August.

OX is primarily used to make phthalic anhydride (PA), a key intermediate in the production of plasticizers, which are used to make products such as flexible polyvinyl chloride (PVC).

Major US OX producers include ExxonMobil Chemical and Flint Hills Resources.

($1 = €0.78)

By: Blanca Venegas

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